SHORE BANCSHARES INC (SHBI) Stock Technical Analysis
NASDAQ:SHBI - Nasdaq - US8251071051 - Common Stock - Currency: USD
Overall SHBI gets a technical rating of 7 out of 10. In the past year, SHBI was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that SHBI is one of the better performing stocks in the market, outperforming 85% of all stocks.
SHBI is part of the Banks industry. There are 396 other stocks in this industry. SHBI outperforms 78% of them.
SHBI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
SHBI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SHBI is lagging the market slightly.
SHBI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 14.49, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
11.02
15.75
When analyzing the support we can see 3 important areas.
- A support zone ranging from 14.19 to 14.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.02 from a trend line in the weekly time frame.
- Support @11.13 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 14.56 to 15.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.59 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for SHBI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHBI is up. |
| ChartMill Relative Strength | 85.69 | POSITIVE | SHBI has a high relative strength, it outperformed 85.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHBI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHBI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SHBI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.26 | NEUTRAL | The RSI value for SHBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests SHBI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.94 | NEUTRAL | The Stochastics value for SHBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for SHBI suggests some volalility. |
| Average Directional Index/ADX (14) | 29.14 | POSITIVE | The high ADX value value for SHBI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.57 | 14.18 | 0.39 (2.69%) | 25.00% |
| An entry @14.57. This is a Buy Stop order right above the 10 day moving average. | An exit @14.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.39 points, which is 2.69%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.67%. |
- The distance between exit and entry is rather small compared to the average daily movement of SHBI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
14.55
+0.11 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.76%
1 Week-1.15%
2 Weeks-2.28%
1 Month0%
3 Month4.15%
6 Month-15.11%
12 Month34.35%
2 Year25.87%
3 Year-21.35%
5 Year31.2%
10 Year54.29%
15 Year22.17%
Volatility
ATR(14)0.29
ATR(20)%2.07%
ATR Inc-2.56%
Range Today0.31
ADR(20)0.28
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.69
Mansfield-0.19
10 Day High15.07
10 Day Low14.03
20 Day High15.19
20 Day Low14.03
52 Week High17.61
52 Week Low10.36
CS1 End14.49
CR1 Start14.56
Volume & EV
DER(3)-0.67%
DER(5)-1.08%
Volume130.10K
Volume Incr-9.6%
Vol(5)113.80K
Vol(50)153.38K